Articles

How to save 40% on your house

  • Mike Columbus
  • 18th of July 2017
  • debt reduction
  • finances
  • home loan structure
save 40%

The real cost of owning a house, for most of us, is the cost of funding it.  Let’s assume you buy a $500,000 house and borrow $420,000 as a mortgage. This $420,000 would cost $486000 in interest over a 30 year term (assuming 6% interest rate). However over an 18 year term the interest cost…

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A year in review

  • Mike Columbus
  • 16th of June 2017
  • account management
  • financial plan
  • home loan
  • home loan structure
A year in review blog article NZHL

Sometimes a good motivation to change needs to be reinforced by looking at the past. If you were to look back at where you were 1 year ago you can decide whether or not you are happy with the changes. Reviewing your mortgage can be quite enlightening. Let’s observe a mortgage at various stages, using…

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5 ways to add value to your home

  • Emily Doran
  • 23rd of May 2017
  • add value
  • home
  • renovations
NZHL New Zealand Home Loans - 5 ways to add value

If you are looking to sell or just want to make the most of your homes value, here are some key areas to focus your energy on for the best returns: 1. Bathroom / Kitchen Bathrooms and kitchens sell homes. Granted, these can be costly to replace but you’ll generally get your money back with…

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The single most important thing to understand about a mortgage

  • Mike Columbus
  • 2nd of May 2017
  • account management
  • advice
  • finances

A mortgage is basically a set repayment plan. What this means is it is a schedule of payments that will mean X amount borrowed will be paid off in Y time frame. From this the amount of principal and interest can be calculated. At any given point and for any given repayment amount you are…

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